Manchester City have been found guilty of all but one of the 115 alleged breaches of the Premier League’s financial rules, The Athletic and The Times reported on Friday.
The club is expected to appeal, the reports added. The Premier League declined to comment. “It’s a confidential process, we’re not commenting at all,” a spokesperson said.
City told the BBC that the inquiry into allegations “remains ongoing.”
The Premier League referred City to an independent commission in February 2023 over alleged breaches of finance rules spanning the 2009-10 to 2022-23 seasons.
Among the most serious allegations was that City failed in each season from 2009-10 to 2017-18 to provide accurate financial information.
The hearing began on September 16, 2024, and concluded nearly three months later on December 6. City were banned from the Champions League for two years by Uefa in 2020 after being found to have overstated sponsorship revenue between 2012 and 2016.
The club, however, successfully appealed to the Court of Arbitration for Sport which overturned the ban.